Barclays Capital and Goldman Sachs have released price guidance on the 144A ABS for drive-in restaurant chain Sonic Corp. called SONIC Capital Series 2011-1.

The deal's, which is rated 'BBB'/'Baa2' by Standard & Poor's and Moody's Investors Service, $500 million A-2 class is expected to price at the 5.5% area. It has a weighted average life of 6.27-years.

Pricing for the deal is expected Thursday afternoon while the transaction's settlement date is on May 20.

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